Overview

Why Should You Attend

Statutes of Limitations and Mitigation of the Statutes of

Limitations.

Date: Wednesday, July 15th, 2015 || Time: 01:00 PM EDT | 10:00 AM PST

Duration: 60 Minutes || Course Level: Beginner

'Live' Webinar by Stuart Sobel

This unique webinar covers a very confusing area of tax programs. There are many

situations where the statute of limitations differs from the 3-year period. Additionally there

are relief provisions for both the taxpayer and the IRS tax, if the statute has expired and it

results in inconsistent treatment for either party.

Due to its budgetary crisis, it is difficult to get guidance from the Internal Revenue

Service. Taxpayers and tax professionals alike must now fend for themselves by

researching the IRS website for information.

How long can the IRS pursue an examination or collection action? Is it possible to advise

the IRS that it does not have the legal authority to assess a tax and to ask it to please

refrain from action against you, your business, or your client?

This webinar will cover the impact of a net operating loss carry over and the impact of a carry back on normally closed years. It will also cover IRS policies relating to extended failure to file situations and Internal Revenue Code sections 1311, 1312, and others that provide relief to taxpayers. Stu Sobel shares his 48 years of tax wisdom. He retired from the IRS after working for 30 years in examination and high-level management positions. Areas covered in the webinar • Statutes of limitations for many different types of tax situations • Advice on whether or not to extend the statute of limitations in a tax controversy situation • Impact of a net operating loss on the statute of limitations • How to advise the IRS that a statute of limitations has expired and that the IRS is prohibited from assessing tax

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• Filing protective claims for refund in order to protect the statute of limitations in the taxpayer’s favor • Utilizing the mitigation of statute of limitations provisions to protect the taxpayer from inconsistent IRS treatment Learning objective • Understand the different statutes of limitations for assessment and collection • Acquire techniques that can be used to avoid inconsistent treatment by the IRS • Learn how to use the IRS website to research solutions to complicated statute of limitations questions Who will benefit

• Corporate Leadership in closely held businesses

• Payroll Supervisors

• Taxation and Accounting Staff

• Independent Contractors

• CFO’s

• Controllers

Speaker profile

Stuart Sobel has provided expertise in areas including tax planning,

business creation, tax-exempt filing, strategic planning, charitable giving,

employee benefits, and tax controversy for more than 48 years.

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